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Uncomfortable parallels for banks from Floyd Norris: Indexes of financials are down about as...

Uncomfortable parallels for banks from Floyd Norris: Indexes of financials are down about as much this year as they were at this point in 2008 - right before Lehman Brothers collapsed and the stocks tanked further (chart).
Comments (5)
  • Stone Fox Capital
    , contributor
    Comments (5786) | Send Message
     
    Thats b/c the fear is the same, but is reality?
    10 Sep 2011, 02:20 PM Reply Like
  • Derek A. Barrett
    , contributor
    Comments (3534) | Send Message
     
    I think we are in okay shape, everyone expects Europe to have a Lehman moment, but this mess has been brewing there for 2 years now.
    10 Sep 2011, 08:44 PM Reply Like
  • KashMoneyKapital
    , contributor
    Comments (408) | Send Message
     
    Bet every last dollar you have this is worse than 08. The national debt has doubled, political appetite for bailouts is non existent, unemployed has multiplied, unemployment benefits have become tenuous, mark to market suspended about 2 years ago failed to prevent this rout, interest rates are already at 0, and the fed's shady activities have come to light.

     

    We have solved zero issues that caused the first crisis, in fact we swept it under the rug and pretended it never happened. Its business as usual for the banks. Anyone who doesn't see this coming shouldn't be managing investors money.

     

    It amazes me to watch CNBC and watch third generation millionaires say theres no recession. For most of America, we never got out of the first one.
    10 Sep 2011, 03:15 PM Reply Like
  • Insurance Bull
    , contributor
    Comments (357) | Send Message
     
    Great points Kash. First thing that comes to my mind when I think about things pushed under the rug is the debt limit increase with no real plan to decrease spending. Eventually the country will need to face that issue head on and it will not end well.
    10 Sep 2011, 08:48 PM Reply Like
  • KashMoneyKapital
    , contributor
    Comments (408) | Send Message
     
    Spencer-

     

    We're the prettiest girl at the female fat camp.

     

    If we go down, you can be sure everyone else is going down first
    10 Sep 2011, 09:22 PM Reply Like
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